Struggling Biotech Name to Report Earnings After the Close

Analysts expect the company to report profits of 41 cents per share

Deputy Editor
Feb 22, 2022 at 2:34 PM
facebook X logo linkedin

Halozyme Therapeutics Inc (NASDAQ:HALO) is gearing up for its fourth-quarter earnings report, due out after the close today, in which the company is expected to post profits of 41 cents per share. HALO is bucking the broader-market selloff ahead of the event, up 0.9% to trade at $33.01 at last check. 

The options pits are anticipating a near-term straddle indication post-earnings swing of 11.4%, which is much higher than the average 5% move the stock has made after earnings over the past two years, regardless of direction. A closer look shows that in those last eight reports, HALO had a positive post-earnings reaction after 50%, three of which occurred in 2021.

The stock's typically quiet options pits are seeing triple their usual call volume today.  Most of this activity can be attributed to the March 36 call, while new positions are being opened at the June 39 call. 

It's worth noting that while short interest has begun to fall off, it still represents 4.6% of the stock's available float. In other words, it would take over six days to buy back these bearish bets, at Halozyme stock's average pace of daily trading. 

On the charts, HALO has experienced a volatile last few months, though the $32 level has provided a consistent floor for pullbacks. Year-to-date, the equity is down 17.9%. 

HALO Feb22



Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI